VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF CONNECTICUT (EIN 060735435) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

JOHN FULLER

Phone

8603765226

Tax Period

2023-03-01 to 2024-02-29

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF CONNECTICUT, founded in 1955, is a small nonprofit that reported $144K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $160K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE VFW IS AN ORGANIZATION INSTITUTED TO PROMOTE BROTHERHOOD AMONG ITS VETEREN MEMBERS. ITS ACTIVITIES ARE FRATERNAL AND CHARITABLE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,631

Program Service Revenue $0

Investment Income $26,613

Other Revenue $99,000

TOTAL REVENUE $144,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,066

Fundraising Expenses $0

Other Expenses $90,834

TOTAL EXPENSES $159,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,244	$120,450	+0.2%
Expenses	$159,900	$124,686	+0.3%
Net Income	$-15,656	$-4,236	+2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

249

Independent Members

249

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL K CONROY	TRUSTEE	10.00	Director	$0	$0	$0
EDWARD C BERDICK	TRUSTEE	10.00	Director	$0	$0	$0
EDWARD D BANAS	TRUSTEE	10.00	Director	$0	$0	$0
DAVID G GREENE	COMMANDER, CEO	15.00		$0	$0	$0
KENNETH G ST JOHN	SENIOR VICE COMMANDER	10.00		$0	$0	$0
JOHN D FULLER	JUNIOR VICE COMMANDER	10.00		$0	$0	$0
RICHARD L MATTERS	QUARTERMASTER	20.00		$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$144,244	$159,900	$72,820	$-15,656
2023	$120,450	$124,686	$93,278	$-4,236
2022	$163,854	$126,651	$100,156	$37,203
2021	$65,319	$71,518	$62,133	$-6,199
2020	$133,145	$132,711	$19,057	$434
2019	$137,461	$146,394	$19,076	$-8,933

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF CONNECTICUT